must have just closed down. ocie henderson was my best friend growing up, he says the idyllic oakland i knew began to fade in the 1960's. then, after that, the businesses started moving out. already trapped in a long decline, the latest recession hammered oakland, in just three years, unemployment surged to more than 17 percent. on my old street, i met michael elliot, an out of work auto mechanic. at age 45, he had to move back in with his parents. >> it seems like it's really bad. if i didn't have my parents to fall back on, i would probably be homeless. >> reporter: things are even worse in east oakland, the epicenter of misery. in this mostly black and latino neighborhood, violent crime is so bad, it is nicknamed the "killer corridor." >> you don't have a whole lot of positive things going on. >> reporter: it's here, at the east oakland youth development center that regina jackson tries to hold back the tide of despair. what's the economic situation right here in oakland, 2010?